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2016.06.28

News Headlines - 28 June 2016

When Mr McGuinness asked the monarch how she was she replied "I'm still alive anyway." In a short video showing the beginning of a 20 minute-audience between the two, the Queen noted that she has been "quite busy," adding "there's been quite a lot going on."

Volkswagen solved one big problem stemming from its diesel emissions deception, agreeing on Tuesday to pay up to $14.7 billion to settle claims in the United States. But the final financial toll — once the company deals with a long list of fines, lawsuits and criminal investigations around the world — may well be far higher. The continuing fallout could leave Volkswagen vulnerable to billions of dollars more in expenses at a time when profit is already under pressure.

Consumer prices will increase 4.7 percent next year, still above the target set by the government, the central bank said in its quarterly inflation report on Tuesday. Policy makers see inflation slowing below the official target of 4.5 percent only in the first quarter of 2018, underscoring the challenges that lie ahead for Goldfajn and Finance Minister Henrique Meirelles, who has assembled a “dream team” of economic experts, according to Goldman Sachs.